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REVISED <br />5/29103 LES <br /> <br />E. The Agreement contains all of the provisions, terms, conditions and <br />obligations required by the state and local laws. <br /> <br />F. Mercy House possesses the qualifications and financial resources <br />necessary to acquire and insure development of the Site, in accordance with <br />the purpose and objectives of redevelopment law. Mercy House is a non- <br />profit public benefit corporation possessing experience in successfully <br />operating facilities for those living with HIV/AIDS, a shelter and services for <br />homeless women and their children, and single men in the city of Santa Ana. <br /> <br />G. The City has obtained environmental clearance of the project from <br />the U.S. Department of Housing and Urban Development. As a "responsible <br />agency," the Agency agrees that this environmental document appropriately <br />analyzes the project and complies with the California Environmental Quality <br />Act. <br /> <br />H. Pursuant to the provisions of the California Redevelopment Law, the <br />Agency and the City Council have held a duly noticed joint public hearing on <br />the proposed sale of the Site pursuant to the Agreement. <br /> <br /> Section 2. The Disposition and Development Agreement is hereby approved, <br />and the Executive Director of the Agency is hereby authorized to execute the Agreement, <br />with such non-substantive changes as may be approved by Agency's General Counsel. <br /> <br /> Section 3. The Executive Director of the Agency is hereby authorized to take all <br />steps, and to sign all documents and instruments necessary to implement and carry out <br />the Agreement on behalf of the Agency. <br /> <br />2 <br /> <br /> <br />